Govt Increases OGDCL Stake to 77.53% After Supreme Court-Backed Transfer

The federal government’s ownership in Oil and Gas Development Company Limited (OGDCL) has risen to 77.53%following the transfer of more than 432 million shares previously held by the company’s Employees Empowerment Trust. According to separate disclosures submitted to the Pakistan Stock Exchange (PSX) and the London Stock Exchange (LSE), OGDCL transferred 432,189,039 ordinary shares to the Government of Pakistan in compliance with the Supreme Court’s ruling on the Benazir Employees […] The post Govt Increases OGDCL Stake to 77.53% After Supreme Court-Backed Transfer appeared first on TechJuice .